305 E Beach Drive, Panama City, FL 32401 (MLS# 792107)

305 E Beach Drive, Panama City, FL 32401

New Listing

$4,500,000

Property Type: Residential Land Lot Size (sq. ft.): 141,439 Status: Active

Current Price: $4,500,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buye … (Read more)

Listing Details MLS# 792107

Contract Info

List Price/Acre: 1384615.38

Location

Street #: 305
Street Direction: E
Street Name: Beach
Street Suffix: Drive
Area: 02 – Bay County – Central
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 20154-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street
Legal Description: 9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342

General Property Info

Sub-Type: Vacant Land
Lot Dimensions: 440.0 ft x 325.0 ft
Acreage: 3.25
Lot Size (SqFt): 141439
Beach Frontage: 650

Listing Info, Tax & Legal

HOA Fee: No
Is Subject Leased: No
New Buyer Fee: No
Last Taxes: 12265.5
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.

Office/Member Info

Seller Concessions: No

More Information

Assumable Mtg Typ

Conventional: Yes

Financing

Cash: Yes
Conventional: Yes

Lot Features

Aerials/Topo Availbl: Yes
Cleared: Yes
Corner Lot: Yes
Irregular: Yes
Site Plan: Yes
Soil Test: Yes
Survey Available: Yes
Topographical Survey: Yes
Waterfront: Yes

Waterfront Feature

Shore – Beach: Yes
Shore – Natural: Yes
Shore – Rip Rap: Yes
Shore – Seawall: Yes
Other – See Remarks: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Present Zoning

City: Yes
Commercial: Yes
Resid Multi-Family: Yes
Resid Single Family: Yes
Other – See Remarks: Yes

Utilities

TV Cable: Yes
Electric – 220/240: Yes
Electric – On-Site: Yes
Electric-3 Phase: Yes
Natural Gas – Available: Yes
Internet – Broadband Available: Yes
Lift Station: Yes
Phone – Connected: Yes
Public Sewer Available: Yes
Water Connected: Yes

Waterview

Bay: Yes
Bayou: Yes

Sale Type

As Is: Yes
Other – See Remarks: Yes

Waterfront Type

Bayou w/ Gulf Access: Yes
See Remarks: Yes

Property Features

Assumable Mtg Typ: Conventional Financing: Cash; Conventional Lot Access: City Street; Paved Road Lot Features: Aerials/Topo Availbl; Cleared; Corner Lot; Irregular; Site Plan; Soil Test; Survey Available; Topographical Survey; Waterfront Sale Type: As Is; Other – See Remarks Utilities: Electric – 220/240; Electric – On-Site; Electric-3 Phase; Natural Gas – Available; Internet – Broadband Available; Lift Station; Phone – Connected; Public Sewer Available; Water Connected; TV Cable Waterfront Type: Bayou w/ Gulf Access; See Remarks Waterfront Feature: Shore – Beach; Shore – Natural; Shore – Rip Rap; Shore – Seawall; Other – See Remarks Waterview: Bay; Bayou Present Zoning: Commercial; Resid Multi-Family; Resid Single Family; Other – See Remarks

Listing Office: Counts Real Estate Group Inc

Last Updated: July – 01 – 2026

Information deemed reliable but not guaranteed.